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Cullumber Industries is considering the purchase of equipment costing $80300. The company has a 15% required minimum rate of return. The equipment is expected to

Cullumber Industries is considering the purchase of equipment costing $80300. The company has a 15% required minimum rate of return. The equipment is expected to generate $20300 in additional operating income. What is the equipments residual income?

a)$9000

B)$8255

c)$12045

d)$15090

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